MHA Broomfield Alexander Manager, Katherine Broadhurst, gives her thoughts on the year ahead in our latest Q&A? (more…)
Incorporating charitable giving into your tax planning strategy can be a useful way to reduce both your income tax and the inheritance tax (IHT) that will eventually become payable on your estate.
As such, gifts may become an important component of both the estate planning process and the more immediate goals of reducing your income tax bill.
You can make charitable gifts at any time during your lifetime and posthumous gifts can be written into your will. (more…)
The relief was introduced in April 2013 in a bid to remove the tax burdens when small business owners want to change from a limited company to a sole trader or partnership.
It allows companies to transfer certain assets, such as land, building and goodwill, to shareholders without incurring a corporation tax charge. (more…)
Anyone whose business comes under the Revenue’s microscope is usually in for a roller-coaster ride.
HMRC has upped its game in recent years when it comes to probing businesses or sole traders who may be suspected of falsely reporting or underpaying tax. (more…)
The Revenue is withdrawing this facility on 13 January 2018, just weeks before any money owed for 2016/17 is due by midnight on 31 January 2018.
HMRC will continue to accept payment from business credit cards after 13 January 2018, although higher transaction fees will apply. (more…)
The Federation of Small Businesses (FSB) surveyed 1,203 small business owners and found that 46% lack a fully proficient workforce.
Additionally, almost a third (30%) of business owners who have recruited in the last 12 months reported facing skills shortages. (more…)
Annual statistics from the Department for Business, Industry, Energy and Strategy showed a year-on-year rise of 197,000, compared to the same time in 2016.
The number of firms in 2017 is also 2.2 million higher than at the start of the millennium, with 4.5 million businesses in operation back in the year 2000. (more…)
Welcome to 2018 and our new publication 11 Key Steps for Trustees, 1 Giant Leap for your charity. Recognising the work The Charity Commission are undertaking to upskill both trustees and increased standards and governance throughout the sector we have focused our 2018 publication on Trustees. (more…)
Following the recent crackdown on restaurant businesses, which sector is going to be next to face inquiries from the taxman? HMRC teams are sequentially targeting different sectors of the economy as it looks for new sources of revenue.
The latest sign restaurant and takeaway businesses are being targeted is that they made up 19%* (25 of 133) of all the businesses and business owners ‘named and shamed’ by HMRC as ‘deliberate tax defaulters’ this month. The businesses named have already faced an investigation and the list is a good indicator of HMRC’s current sectoral focus. (more…)